Italy's Intesa says loans to Russian clients total 5.1 bln euros



MILAN, March 16 (Reuters) - Italy's biggest bank Intesa Sanpaolo ISP.MI on Wednesday said loans to Russian customers totalled 5.1 billion euros ($5.6 billion), or 1% of the group's total, net of guarantees from credit export agencies.

Nearly 80% of the overall figure are cross-border loans. Intesa's local subsidiaries in Russia and Ukraine account for just 1.1 billion euros in loans to customers and due from banks, Intesa said in a statement.

Some 200 million euros are loans to entities that have been hit by international sanctions against Russia following its invasion of Ukraine. ($1 = 0.9095 euros)
Reporting by Valentina Za, editing by Giulia Segreti

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